Yes, it’s a long history. And, indeed, in 2015–2016 we stopped minting coins with a denomination of less than one ruble. Firstly, there were enough of them issued. According to statistics, there even the most expensive and perfectly configured are about 500 coins per person. By the way, this is comparable to the situation in the world’s leading economies.
Russia showed that the demand for small coins
falling and is at an extremely low level. At the same time, the production of coins is quite an expensive story.
However, there are no plans to remove coins up to the ruble from circulation.
– Why?
Remain a legal means of payment
And coins perform the function of exchange, because prices for goods and services are expressed not only in rubles, but also in kopecks. Citizens should be able to pay for a purchase, as they say, “to the last kopeck.” Credit institutions have an obligation to pay to the last kopeck when closing a deposit. Housing and communal set up a business website and social media profiles services tariffs are also indicated in kopecks.
— In general, are you not discussing or planning with legislators america email the rejection of small coins and the adoption of a rounding system?
— No. And how can you do fair rounding? For some, the generally accepted practice of rounding up may be unacceptable.
